Months after the White House proposed ending a tax break for people in high-tax states, President Donald Trump grew angry when he learned that the change would hurt some middle-income taxpayers, according to two people familiar with his thinking.
[...]
Trump’s White House first proposed ending the SALT (state and local tax) deduction in April, in a one-page outline of the president’s tax goals. Its repeal is estimated to generate about $1.3 trillion over 10 years, making it an important way to help pay for the business and individual tax-rate cuts Trump and congressional leaders propose.
It’s not clear why the president didn’t know the implications of the SALT deduction for middle-class taxpayers when the plan was released.
Bloomberg
Not clear? It's perfectly clear to anyone who's watching Trump - he's an ignorant blowhard. He doesn't care to know any details about anything. He's only concerned about what people are saying about him on TV.
Representative Chris Collins, a New York Republican who’s close to Trump said he thought the president has been more focused on cutting taxes for corporations and pass-through businesses to stimulate the economy. “And he’s left it to others for the details of how we get there” and “how we pay for it,” Collins said.
He's done that with everything. And, interestingly enough, nothing gets accomplished.
Many conservatives argue that the tax break should be abolished because it subsidizes state and local governments that tax their citizens heavily -- a view Trump echoed during an interview that Fox News aired Wednesday night.
“It is finally time to say, ‘Make sure your politicians do a good job of running your state,”’ he told interviewer Sean Hannity.
Then what's he mad about?
...but hey, do what you want...you will anyway.
No comments:
Post a Comment